Doha – Mubasher: Gulf Warehousing Company’s profit for the third quarter of the fiscal year 2016 rose by 3% to QAR 48.8 million ($13.39 million), versus QAR 47.4 million) for Q3-15.

Net profit for the first nine months of 2016 reached QAR 150.1 million, 11.1% up from QAR 135.1 million for the same period of 2015, according to a bourse filing released on Thursday.

Earnings per share for the nine-month period amounted to QAR 2.59, compared to QAR 2.61 for the same period last year.

The company earlier posted a net profit of QAR 101.3 million for the first half of 2016, versus QAR 87.7 million for H1-15.

The stock closed today’s session falling by 0.87% to QAR 57.20.